XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1869 | Crypto Craft

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #37,361
  • Sep 6, 2016 5:25pm Sep 6, 2016 5:25pm
Very little profit taking at the end of the us session. I think we going to 1370 with some choppy action at that point, then newer highs it looks like to me. I'm not expecting much action in the asian,euro session as usual, but I think the us session tomorrow will shove it up again. It seems to have a lot of momentum.
  • #37,362
  • Sep 6, 2016 6:13pm Sep 6, 2016 6:13pm
short gold with stop loss around 1360 to be on safe side
  • #37,363
  • Sep 6, 2016 6:28pm Sep 6, 2016 6:28pm
2 days in ,its 100% a doji ,tho I would commend the action of seeing through candles and reading whats the strongest ,or whats the next tf is up saying

if you have doji + confirmation off tl ,off round number ,off previous pivot on Tuesday its most logical to look for longs till the top ,

Quoting Bones
I think consolidation , {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (DFB).png Size: 22 KB
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  • #37,364
  • Sep 6, 2016 6:37pm Sep 6, 2016 6:37pm
More like a bullish hammer candle. Open and close are not close enough for Doji. Either way the effect is the same.
Price traded down a lot but closed near the high. Buyers in control - at least for the moment.
  • #37,365
  • Sep 6, 2016 7:17pm Sep 6, 2016 7:17pm
question of taste I guess ,I see a hammer on the chart previous ,lets say its the all singing pin

Quoting SunTrader
More like a bullish hammer candle. Open and close are not close enough for Doji. Either way the effect is the same. Price traded down a lot but closed near the high. Buyers in control - at least for the moment.
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  • #37,366
  • Sep 6, 2016 7:40pm Sep 6, 2016 7:40pm
all candles are not necessarily clean can be defective
usd lfx would be oppisite gold ,with a long legged doji ,
candles are cleaner on lfx for reading ,mt4 liteforex
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Click to Enlarge Name: usd lfx .png Size: 42 KB
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  • #37,367
  • Sep 6, 2016 10:42pm Sep 6, 2016 10:42pm
Don't try to sell when there is no sell signal.
  • #37,368
  • Sep 6, 2016 10:49pm Sep 6, 2016 10:49pm
Quoting frx_trader
Don't try to sell when there is no sell signal.
100% agree with you...
bullish in short term...
  • #37,369
  • Sep 7, 2016 8:19am Sep 7, 2016 8:19am
Quoting Bones
question of taste I guess ...
No not at all. Read up a bit.
  • #37,370
  • Edited 12:11pm Sep 7, 2016 11:23am | Edited 12:11pm
I reversed my long from 1334 @ 1347.5 ... this is not looking good ... key-reversal on the 6H chart with stochastics overbought ... we are going back to visit 1305, maybe in the best case 1324 usd ... and there it could make a proper bottom EDIT: going to close that short on WS close that 6H key-reversal wasn't at the top ...
  • #37,371
  • Sep 7, 2016 12:17pm Sep 7, 2016 12:17pm
Before going down i see it wants to make new higher high. 1375 is the max it can go with tomorrows news. Bretty sure friday we are moving lower.
  • #37,372
  • Edited 2:26pm Sep 7, 2016 2:04pm | Edited 2:26pm
righto
ok its a hammer ,with an relatively large upper wick if you say so
upper wick and lower wick close near open good enough for me =doji
its not perfect either way yet you want to argue terminology
to close exact on open would be a doji cross ,catch you later haha



Quoting SunTrader
{quote} No not at all. Read up a bit.
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  • #37,373
  • Sep 7, 2016 7:03pm Sep 7, 2016 7:03pm
id go for Harami
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Click to Enlarge Name: Spot Gold (DFB).png Size: 31 KB
Attached Image
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  • #37,374
  • Sep 7, 2016 7:51pm Sep 7, 2016 7:51pm
Quoting Bones
id go for Harami {image} {image}
What "Harami" candle is supposed to do? is it fake candle and the trend will continue alike the previous one?
  • #37,375
  • Edited 10:14pm Sep 7, 2016 9:27pm | Edited 10:14pm
Hi Fadhl im not an expert ,just casual trader guess I was lucky with the weekly up chart beginning of the week ,I did name the candle wrong
I see consolidation ,probably bullish according to monthly ,and the fact were over tl and big RN
theres a difference between the two candles you say imo ,single candle like that you need a hint lower tf
but your right it can be continuation ,only I think it could retrace maybe it wants tl res
consolidation is difficult

SunTrader could be more informative..
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  • #37,376
  • Sep 7, 2016 9:53pm Sep 7, 2016 9:53pm
long silver @ 19.897 this should move up again in precious metals ...
  • #37,377
  • Sep 7, 2016 10:35pm Sep 7, 2016 10:35pm
I'm going to short gold soon 1346, tp 1341 or even 1331, with no SL.
  • #37,378
  • Sep 8, 2016 12:09am Sep 8, 2016 12:09am
lot of stop hunts .....or its just my broker....
  • #37,379
  • Sep 8, 2016 12:28am Sep 8, 2016 12:28am
we have a bullish flag in both gold and silver that's about to break out to the upside and that could really take us way up: silver +10% gold +4%. I wouldn't be shorting this here, not even for a scalp.
  • #37,380
  • Sep 8, 2016 12:32am Sep 8, 2016 12:32am
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